Suncor Energy Inc. reported its strongest ever first quarter production, breaking records for refining and refined product sales performance with upstream production of 853,000 barrels of oil per day, 483,000 barrels per day refining throughput, and 605,000 barrels per day refined product sales.
The company’s net earnings for the first quarter of 2025 were $1.69 billion, up from $1.61 billion during the same period the previous year, resulting in $1.36 per share over $1.25 per share. Gross revenues were $13.33 billion, compared to $13.31 billion in 2024. Adjusted operating earnings were down to $1.63 billion from $1.82 billion caused by lower crude oil sales.
“Our strong first quarter financial and operating performance maintained the momentum established in 2024, as we remain laser-focused on continuing to deliver safe, reliable, and cost-effective operations,” CEO Rich Kruger said in a news release. “Our focus on the fundamentals, integrated business model, and continually improving cost structure enable us to deliver free funds flow and shareholder value despite the current volatile business environment.”
